Clean Water Affordability Act

This bill changes federal rules for state clean water revolving loan funds, which help pay for wastewater and stormwater projects. It would let a state use up to the greater of 50 percent of its yearly federal capitalization grants, or its 10-year average of extra state deposits into the fund, for additional subsidization such as forgiving loan principal or giving grants. If enough qualifying applications are received, a state would have to use at least 20 percent of its yearly federal grants for additional subsidization. It also states that loans with an interest rate of 0 percent or higher do not count as additional subsidization, and it describes the aid as helping ratepayers keep access to wastewater and stormwater treatment services.

Full text and official record on Congress.gov

Sponsors

• Frederica S. Wilson Democrat sponsor
• 1 cosponsors